BCR Latest News

Launch of $180m receivables securitisation fund

BRAC (Bangladesh Rural Advancement Committee) is going to launch the world's first securitisation of a fund of US$180m to provide…


Koc Factoring basks in export accolade

Kocfaktor has been ranked best export finance servicer at the 38th annual general meeting of the Factors Chain International (FCI)…


BIF in first stage of trade finance solution

Peruvian bank Banco Interamericano de Finanzas (BIF) has completed the first stage of implementing Surecomp's trade finance solution (more…)


GECF provides invoice discounting for MBO support

GE Commercial Finance has provided an invoice discounting and senior debt package to support the management buy-out (MBO) (more…)


GECF's equipment finance eases working capital woe

GE Commercial Finance has introduced Equipment Line, Australia's first single secured loan facility with a pre-approved line of credit (more…)


SBF launches business initiatives

The Singapore Business Federation (SBF) has launched three initiatives to help its members.  It has also elected new council members…


Germany sees further improvement in insolvencies

Economic recovery in Germany is also being reflected in the number of corporate insolvencies, which will continue to fall in…


Enterprise Finance Europe receives award

Enterprise Finance Europe (EFE), the UK asset-based lender, has been named Asset Based Lender of the Year at (more…)


New build for Davenham's property finance unit

Davenham, the finance provider to the small business sector, has added a property specialist to its five-strong team of asset-based…


Lloyds TSB CF announces raft of factoring tie-ups

Lloyds TSB Commercial Finance has completed four deals this month (more…)


The latest trend within the factoring industry: ERP-solutions replace legacy…

Within the field of factoring software a clear trend towards ERP-standard software and off individual applications / legacy systems can…


Finance House Base Rate unchanged at 5%

The Finance House Base Rate (FHBR) for July 2006 remains unchanged at 5.0% (more…)


Factoring licenses may be abolished

The RF Duma is considering an amendment to the Civil Code that, if ratified, will resolve an inconsistency in Russian…


EC initiative foresees more money for financing SMEs

The European Commission has unveiled today a set of measures to help small companies get easier access to external financing…


Intermarket takes 50% hold in Compania de Factoring

Intermarket Bank, the Austrian finance provider, has secured a 50 per cent share in Romania's (more…)


Fortis appoints country manager for Russia, targets export finance

Fortis has appointed Maarten Pronk country manager for Russia (more…)


Central bank raises interest rates again

The lifting of the 15 per cent excise tax for foreign investment failed to reduce tensions in the foreign currency…


GECF provides confidential invoice discounting, trade finance package

GE Commercial Finance's business finance unit has completed a £450,000 invoice discounting and trade finance deal for (more…)


Past due receivables- a growing headache for firms

Even in instances where companies do not take the extraordinary step of booking charges, they are still troubled by what…


Fed continues tightening campaign

As widely expected, the Federal Reserve raised a key interest rate for the 17th consecutive time, hiking its target for…


UK export markets show trading conditions best for six years

A new measure of the health of UK export markets shows trading conditions to be the best for six years,…


Lloyds TSB Commercial Finance finances MBO at auto supplier

The managing director of a UK plastics firm that supplies Aston Martin and Lotus has bought the company 20 years…


IIC looking to lend up to US$100m more to Latin…

The Inter-American Investment Corporation (IIC) is looking to grant up to US$100m in loans to Latin American financial institutions before…


Free trade spells weaker future for local banks

Non-bank companies and retail banks are key competitors to the commercial banks in niches such as leasing, hire purchase and…


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